CrediCorp has launched a N100 billion car ownership credit scheme aimed at making vehicle acquisition more accessible for Nigerians. The initiative is designed to provide flexible financing options for individuals and businesses looking to purchase new or pre-owned vehicles, easing the financial burden of outright payments. According to CrediCorp, the scheme offers competitive interest rates, extended repayment periods, and minimal upfront deposits to ensure affordability. The company aims to bridge the gap in vehicle financing by catering to salaried employees, entrepreneurs, and corporate organizations seeking fleet expansion. With the high cost of vehicles and foreign exchange challenges affecting the automobile…
Author: Temitope N.
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued a warning that it may withdraw its members from upstream oil and gas operations over unresolved industry concerns. The union cited issues such as unfair labor practices, unpaid benefits, and poor working conditions as reasons for the potential industrial action. According to PENGASSAN leadership, several oil companies have failed to address long-standing grievances, including job security, wage disputes, and breaches of collective bargaining agreements. The union expressed frustration over what it described as a lack of commitment from both employers and government regulators in resolving these challenges.…
Nigeria’s Minister of Finance has reaffirmed the government’s commitment to supporting the private sector as a key driver of economic growth. In a high-level meeting with business magnate Aliko Dangote, the minister discussed strategies to improve the business climate, enhance investment opportunities, and strengthen collaboration between the government and private enterprises. During the meeting, the minister acknowledged the challenges faced by businesses, including inflation, foreign exchange volatility, and infrastructure deficits. He assured that the government is working on policy reforms to create a more stable economic environment that encourages private sector participation in critical sectors such as manufacturing, agriculture, and…
The Federal Inland Revenue Service (FIRS) has pledged to strengthen tax policies across West Africa, aiming to boost revenue generation, enhance compliance, and create a more transparent tax system in the region. The commitment was made during a regional tax conference, where officials emphasized the need for collaboration among West African nations to improve tax administration and curb revenue leakages. With many economies in the region facing financial challenges, FIRS stressed the importance of harmonizing tax policies to prevent tax evasion, promote cross-border trade, and attract foreign investment. The agency highlighted the digital economy as a key area requiring regulatory…
Inflation continues to take a heavy toll on Nigerians, eroding purchasing power, increasing the cost of living, and deepening economic hardship for millions. As prices of essential goods and services soar, many households are struggling to afford basic necessities, pushing more people into financial distress. One of the most immediate impacts of inflation is the rising cost of food. Staple items such as rice, bread, and cooking oil have seen significant price hikes, making it difficult for families to maintain a balanced diet. Many Nigerians now spend a larger portion of their income on food, leaving little room for savings…
A leading cryptocurrency expert has stated that improved regulatory frameworks will significantly boost crypto investments in Nigeria, making the sector more attractive to institutional and retail investors. The CEO, speaking at a fintech forum, emphasized that clear policies and investor protection measures would foster trust and drive wider adoption of digital assets in the country. Nigeria remains one of the largest crypto markets in Africa, with millions of users trading digital currencies despite regulatory uncertainty. However, inconsistent policies and restrictions on crypto-related transactions by financial institutions have created hurdles for both investors and businesses operating in the space. The CEO…
The Central Securities Clearing System (CSCS) is set to host its annual conference, bringing together key financial market players from Africa and the Middle East. The event aims to foster discussions on market development, investment opportunities, and the role of technology in enhancing securities trading and post-trade services. As one of the leading financial infrastructure providers in Nigeria, CSCS is leveraging the conference to strengthen regional collaboration and promote innovation in capital markets. Experts, regulators, and industry leaders will engage in panel discussions on topics such as digital transformation, risk management, and sustainable finance. A major highlight of the conference…
Artificial Intelligence (AI) is revolutionizing the marketing landscape, reshaping how businesses engage with consumers, analyze data, and optimize campaigns. As AI-driven tools become more advanced, companies are leveraging machine learning, automation, and predictive analytics to create highly personalized and efficient marketing strategies. One of the most significant changes AI brings to marketing is enhanced customer targeting. With AI-powered algorithms, businesses can analyze vast amounts of consumer data to identify patterns, preferences, and behaviors. This allows brands to deliver tailored content, recommend products, and anticipate customer needs with unprecedented accuracy. AI is also transforming content creation and management. Automated tools can…
A professional institute has joined forces with a leading agency to celebrate Managers’ Appreciation Day, an initiative aimed at recognizing the contributions of managers across various industries. The partnership seeks to highlight the critical role that managers play in driving organizational success, fostering teamwork, and enhancing productivity. The event, which will feature a series of activities including workshops, award presentations, and networking sessions, is designed to honor managers who have demonstrated exceptional leadership and dedication in their fields. Experts from different sectors will also share insights on effective management practices and the evolving role of leadership in today’s dynamic business…
Ultimate Health HMO has reinforced its leadership team by appointing female directors to its board, a move aimed at enhancing diversity and strengthening corporate governance within the organization. The appointments reflect the company’s commitment to gender inclusion and strategic leadership in Nigeria’s healthcare sector. With the healthcare industry evolving rapidly, Ultimate Health HMO believes that incorporating diverse perspectives at the board level will drive innovation and improve decision-making. The newly appointed directors bring extensive experience in healthcare management, finance, and corporate strategy, positioning the company for continued growth. Industry analysts have praised the move, emphasizing the importance of gender diversity…